Continuing Care Retirement Communities provide independent living residences for seniors, and many offer a Life Care contract option to help them gain a home for life regardless of health changes, instead of aging in place at home. Life Care offers seniors the best quality of life, maintenance-free living, a wealth of social opportunities, and long-term financial value.
If you’re thinking about moving to a senior living community, you probably have a lot of questions. Making the move is a smart choice, and with the right senior living contract, it’s a gift you can give to the whole family.
Read on to learn more about how Life Care is a gift you give to your loved ones. Learn more about Life Care today.
What Is Life Care, and How Does It Work?
Life Care, also known as a Type A contract, is a contract seniors sign when they move into a Continuing Care Retirement Community, also called a Life Plan Community, that offers this contract option. Life Care Type A contracts guarantee priority access to all health services within the community, including assisted living, memory care, skilled nursing, and rehabilitation.
Who Needs Life Care?
Life Care senior living is the most worry-free, comprehensive health care option a senior can secure. Seniors pay an entrance fee at move-in and monthly rates. This guarantees them a residence in the senior living community and access to care. For life.
Although we can’t predict our health needs, this is the safest and most secure way to pay for care while offering peace of mind to loved ones, as they’ll know where you’ll be receiving care and approximately how much it will cost.
How Can Life Care Help Save Money?
You can count on Life Care to provide care even if your money runs out, which is one of its unique advantages. The community and you agree that if you sign a Life Care contract and pay your entrance fee, you’ll have priority access to the community’s health center and predictable rates for whatever care you receive. This is the major financial benefit of a Life Care contract: It keeps care costs at stable, predictable rates, with little to no change, regardless of health changes.
Depending on the community, you may receive a reimbursement of a percentage of your entrance fee when you sign a Life Care contract. This fee helps cover any medical care you may require in the community, so it’s sort of like “prepaying” for health care.
You may qualify for prepaid long-term tax benefits if you pay medical bills exceeding 10% of your adjusted gross income. Consult your tax advisor to determine if you qualify.
Life Care Communities: How Do They Work?
A holistic approach to resident well-being is a hallmark of Life Care communities. Life Care communities offer wellness programs, fitness centers, social activities, nutritious dining, spiritual and religious opportunities, and more.
Canterbury Woods Williamsville offers seniors access to all our wonderful services and amenities. This includes fitness and wellness programming, endless activities designed to meet their needs, and delicious dining.
And remember: With Life Care, you will enjoy peace of mind knowing that you are guaranteed priority access to health care and higher levels of care whenever you need it. Remember that almost all care fees are rolled into your monthly rate, making financial planning and management much easier for you and your loved ones as well.
Relaxed Retirement Living in Beautiful Williamsville, NY.
Learn more about Life Care today.